Thailand’s National E-payment Master Plan (NEMP) is a five-pillar approach that aims to transform Thailand into a mostly cashless society through the launch of new digital and online payment options. The strategy, under development since 2014, has made major strides after the government launched the first pillar, known as PromptPay, in early...
As the hub of ASEAN, Thailand has good prospects with significant growth potential. A large current account surplus and strong international reserves make the country less susceptible to external shocks, while low inflation and a low unemployment rate indicate relatively strong economic fundamentals. Thailand is in a very competitive position...
Loan growth in Thailand fell in 2016 as slower-than-anticipated infrastructure spending and weak private consumption weighed on the consumer segment, while corporate lending fell as firms increasingly turned to bond markets for more favourable terms.
As one of the biggest beneficiaries of rising consumption in ASEAN and the Cambodia, Laos, Myanmar, and Vietnam (CLMV) market, Thailand has seen regional trade become an increasingly critical trade growth driver. Although the country was not a signatory to the Trans-Pacific Partnership (TPP) free trade agreement (FTA) – which all but collapsed...
Given its low penetration rates, ageing society and the trend towards increased liberalisation, the Thai insurance sector has significant potential and growth is expected to be steady in the coming years. Thais are becoming more interested in savings and wealth-related products, and over time it is also likely that they will have a better...
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